{"id":9043,"date":"2026-05-20T20:41:00","date_gmt":"2026-05-20T18:41:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=b68ab94c41b9addfbeefd07779a1bac5"},"modified":"2026-05-20T20:41:00","modified_gmt":"2026-05-20T18:41:00","slug":"am-best-affirms-credit-ratings-of-nisource-insurance-corporation-inc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=9043","title":{"rendered":"AM Best Affirms Credit Ratings of NiSource Insurance Corporation, Inc."},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of NiSource Insurance Corporation, Inc. (NICI) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect NICI\u2019s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The company\u2019s ratings benefit from the implicit and explicit support it receives as a strategic component of its ultimate parent, NiSource, Inc.\u2019s (NiSource) ERM.<\/p>

\nNICI maintains the strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). The balance sheet evaluation also considers the company\u2019s strong liquidity position, prudent reserving approach and disciplined investment strategy, as well as the financial flexibility afforded by the parent, NiSource. NICI experienced consistently favorable reserve development on a calendar-year basis during the previous 10-year period. These attributes are offset by the high retention to surplus ratio, which is reflected in the limit the captive offers the parent.<\/p>

\nThe company\u2019s strong operating performance assessment is supported by favorable combined and operating ratios that exceed those of AM Best\u2019s commercial casualty composite. Its solid results are driven by favorable loss ratios and a low underwriting expense structure inherent to single-parent captive companies.<\/p>

\nLeveraging its niche captive focus, risk management expertise and disciplined underwriting approach, NICI has consistently produced results that are generally on par with or outperform those of its industry peers.<\/p>

\nNICI is a single-parent captive insurer wholly owned by NiSource, providing all-risk property, workers\u2019 compensation, excess general and automobile liability, medical stop-loss, long-term disability, group life insurance and punitive damage coverage for the parent and its affiliates. AM Best has taken a balanced view of NICI\u2019s overall business profile, which albeit limited in scope, maintains inherent advantages as a single-parent captive with immediate access to business and resources along with the broader financial wherewithal of its ultimate parent. NICI plays a critical role in NiSource\u2019s overall ERM framework, supporting the parent\u2019s objectives through insuring key risks and ultimately supporting NiSource\u2019s financing needs.<\/p>

\nThe stable outlooks reflect AM Best\u2019s expectation that NICI will maintain its overall balance sheet assessment, supported by risk-adjusted capitalization at the strongest level, as measured by BCAR, while continuing to maintain strong operating performance driven by sustainable operating profits and organic surplus growth insuring its parent\u2019s insurance needs\/exposures. The outlooks also reflect AM Best\u2019s expectation that the ability and willingness of NiSource, to support its captive will not change.<\/p>

\nAM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best\u2019s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit <\/b>www.ambest.com\/captive<\/b><\/a>.<\/b><\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating <\/b>opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nSebastian Caballero<\/b>Financial Analyst<\/b>+1 908 882 1680<\/b>sebastian.caballero@ambest.com<\/a>\nSharon Marks<\/b>Director<\/b>+1 908 882 2092<\/b>sharon.marks@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of NiSource Insurance Corporation, Inc. (NICI) (Salt Lake City, UT). The outlook o…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9043","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9043"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9043\/revisions"}],"predecessor-version":[{"id":9044,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9043\/revisions\/9044"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}